150509Suppliers of construction materials into the building industry are taking strain because of the collapse of the residential housing market. Buildmax, which has been repositioned through two major acquisitions as an opencast coal mining contract and supplier of construction materials.photo Supplied

Shares of junior South African mining and processing company Petmin rise over 4 percent to 2.89 rand after the group says it has been granted a 20-year licence to expand new mining areas at its flagship Somkhele anthracite operation in northern KwaZulu-Natal province. - Reuters